OneMain Holdings, Inc. (NYSE:OMF) Declares $1.04 Quarterly Dividend

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) announced a quarterly dividend on Tuesday, April 29th, RTT News reports. Investors of record on Friday, May 9th will be given a dividend of 1.04 per share by the financial services provider on Friday, May 16th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date of this dividend is Friday, May 9th.

OneMain has increased its dividend payment by an average of 17.3% per year over the last three years. OneMain has a dividend payout ratio of 51.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OneMain to earn $8.22 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 50.6%.

OneMain Stock Up 1.0 %

OneMain stock traded up $0.48 during mid-day trading on Thursday, hitting $47.55. 1,108,951 shares of the company's stock traded hands, compared to its average volume of 1,040,188. The company has a market cap of $5.67 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. The firm has a 50 day moving average price of $47.57 and a 200 day moving average price of $51.72. OneMain has a one year low of $38.00 and a one year high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. The firm had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS. On average, analysts expect that OneMain will post 6.46 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Douglas H. Shulman sold 25,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the sale, the chief executive officer now owns 343,925 shares in the company, valued at $16,332,998.25. This represents a 6.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,808 shares of company stock valued at $3,344,751 in the last 90 days. 0.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on OMF shares. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Barclays set a $56.00 price objective on shares of OneMain in a report on Friday, March 14th. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $57.83.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.